Another "would you" deal question?

[Account Closed]

Would you do this deal?

$64,000 loan

$2,000 out of pocket

Rent $895/mo.

PITI $525

Little-to-no appreciation

I will self-manage

C neighborhood

(Property is fully rehabbed and rent-ready)

[Caleb Heimsoth]

Originally posted by @Account Closed:

@Caleb Heimsoth

Purchase is $59,900 loan is $64,000.

Appraised at $80,000, and closing costs are $6,000 (approx).

Its appraised at 80k as it sits and you’re buying it for 60k? If I’m understanding you correctly, then yes I do this deal.